CGI INSURANCE VALIDATION SERVICE IDENTIFIES UNINSURED, HIGH-RISK VEHICLES
CGI Group Inc. (TSX: GIB.A; NYSE: GIB), a leader in information technology and
business process services and a leading provider of solutions to the insurance
industry, today announced the launch of its Insurance Validation Service (IVS).
This service helps both government agencies and policing organizations in Canada
identify vehicles that do not have insurance.
Incidents involving uninsured drivers result in the consumer paying higher insurance premiums and registration fees. As well, the health care system bears the costs incurred by individuals involved in an accident where no insurance coverage exists.
“The general public needs to be better protected when it comes to individuals who drive with no insurance coverage,” said Randy Carroll, Chief Executive Officer for the Insurance Brokers Association of Ontario (IBAO).
IBAO has been involved in this project since its beginning and approached CGI to lend its expertise.
“IBAO is pleased to see CGI take the lead in developing a service which will arm the police and government licensing agencies with the best available information. IVS will empower authorities to act decisively and make informed decisions—which is in the best interest of all Ontario drivers,” said Carroll.
The solution was refined after a number of pilot projects in Ontario and Atlantic Canada in 2007. These field trials included an evaluation conducted by RCMP National Traffic Service.
“This initiative is a great example of what can be accomplished when all stakeholders focus on addressing the issue” said Wayne Beck, Vice-President, Consulting Services at CGI. “Now that we have shown that the solution helps address this serious concern, we look forward to working with all parties to make this service available coast-to-coast.”
With more than 4,300 professionals dedicated to the global insurance industry, CGI has deep insurance experience in both the Property and Casualty and Life industries. CGI has more than $300 million invested in insurance business and technology solutions which are used by more than 300 carriers. CGI clients include 75 of the top 100 insurance carriers. The company also provides managed services to leading clients including Manulife, Equity Insurance Group and Kanawha.
Founded in 1976, CGI Group Inc. is one of the largest independent information technology and business process services firms in the world. CGI and its affiliated companies employ approximately 26,500 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices in Canada, the United States, Europe, Asia Pacific as well as from centers of excellence in North America, Europe and India. CGI's annual revenue run rate stands at $3.7 billion and at December 31st, 2007, CGI's order backlog was $12.04 billion. CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB) and are included in the S&P/TSX Composite Index as well as the S&P/TSX Capped Information Technology and MidCap Indices. Website: www.cgi.com.
Director of Communications, Canada